1314 Emperor Avenue
5303 - Carlington
Ottawa
K1Z 8C6
$1,560,000 /For Sale
Commercial
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- X12065084
- Bus Major:
- Apts - 6 To 12 Units
- Photos (16)
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Your next investment opportunity in Ottawa's hot rental market...This solid brick 6-unit building is in good condition, fully rented, and offers a combination of 2 one-bedroom apartments on the lower level & 4 two-bedroom apartments on the second and third levels...More than 6 parking spots outside...6 storage bins & coin-operational laundry on the lower level...Centrally located property with easy access to many amenities like the downtown, the 417, Merivale Road shopping, hospitals, transit, experimental farm, parks, and more...Units are spacious & sunny with Southern exposure...Every unit has its own hydrometer, and one is for the common areas...Some rents are below market value with plenty of upside on future rents...The property is built on a large lot 108x100 ft with potential for future development in a rapidly growing & changing area...Gross Operating Income is $90,500/year, Operating Costs is around $28500/year and Net Operating Income is around $62,000/year.
- Property Type:
- Commercial
- Property Sub Type:
- Investment
- Freestanding:
- Yes
- Total Area:
- 0 sq. ft. Square Feet
- Total Area:
- 0 sq. ft.0 m2
- Depth:
- 100'30.5 m
- Frontage:
- 108'32.9 m
- Lot Shape:
- Rectangular
- Bathrooms:
- 6.0
- Water supply:
- Municipal
- Zoning:
- R4UC
- Heating type:
- Gas Hot Water
- Survey Available:
- No
- Garage:
- Outside/Surface
- Parking Spaces:
- 6
- Possession Details:
- Flexible
- HST Applicable To Sale Price:
- In Addition To
- Assessment Year:
- 2024
- Type Taxes:
- Annual
- Taxes:
- $11,068 / 2024
- Assessment:
- $- / 2024
- Carlington - Central Park
- 5303 - Carlington
- Ottawa
- No
- 4 Hot Water Tanks
- 6 fridges, 6 ovens, 2 hot water tanks, and a boiler for heating
- Tenants belongings
- None
- Water Supply Types:
- None
- Utilities:
- Yes
- Energy Certification:
- No
- Green Property Information Statement:
- No
- Air Conditioning:
- No
- Seller Property Info Statement:
- No
- Financial Statements:
- No
- Gross income:
- $90,500
- Net Income Before Debt:
- $62,000
- Expenses Actual/Estimated:
- Estimated
- Heating Expenses:
- $3,800
- Hydro Expenses:
- $2,460
- Insurance Expenses:
- $4,658
- Management Expenses:
- $0
- Tax Expenses:
- $11,068
- Operating Expenses:
- $28,500
- Other Expenses:
- $1,808
- Water Expenses:
- $4,050
- Year Expenses:
- 2023
- Maintenace Expenses:
- $656
- Vacancy Allowance:
- 0
- Property Management Company:
- Self
- Major Business Type:
- Apts - 6 To 12 Units
- Category:
- Apartment
- Franchise:
- No
- Chattels:
- Yes
- Outside Storage:
- No
- Date Listed:
- Apr 06, 2025
Larger map options:
Listed by REAL ESTATE SOLUTIONS CORP.
Data was last updated May 5, 2025 at 04:15 AM (UTC)
- Bosley Real Estate
- 1 (416) 322-8000
- Contact by Email
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